Blog excerpt provided by Crain’s Cleveland Business.
Written by Gene Groys.
Unless you are planning a lifestyle business, you’re probably going to need some funding for your new startup. And, since most institutions avoid investing in companies that have not demonstrated any traction, it’s very likely that your first batch of funding is going to come from angel investors.
Successful angels are smart, savvy and accomplished enough to have enough disposable income to help you start your business. What entrepreneurs sometimes forget, however, is that because most angels are playing with their personal money, they are also free to follow basically whatever process they want when making an investment.
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Originally published December 22, 2016.